A payee is the person or company that receives royalty payments: an artist, a producer, or another label. Each payee holds one or more accounts and the contracts under them, and is the party statements and invoices are addressed to. Creating a payee also creates its first account, named Default account.
Fields marked with Required must be
provided when creating a new .
Fields
Name Required The name of the payee. Must be unique within your record company.
Payee code. An optional external code identifier for the payee.
Alternate name. An optional alternative name for the payee.
Contact email. An optional email address for contacting the payee.
Invoice threshold. Required when your record company has no default threshold. The minimum balance before an automatic payment goes out; leave it empty to use the default.
Reporting currency Required Shown only when your record company uses multiple currencies. The currency the payee is reported and paid in. It cannot be changed once the payee has any financial activity (statements, transactions, payments, or an invoiceable balance).
Billing Type Required Shown during creation when your record company uses payments. How the payee is invoiced: Manual Invoice, Self-Billing Auto, or Self-Billing Request.
Address and Tax details. Required when the billing type is Self-Billing Auto, because Qlero generates this payee’s invoices. The payee’s Address, Postal code, City, Country, VAT number, Tax rate (%), and Tax wording.
Bank Information. Also required for Self-Billing Auto. The payee’s BIC and Account Number / IBAN, with optional extra fields, bank name, and bank address.
Notes. Internal notes.
Next steps
Create your first payee with the first-time setup guide. 
